Cannabis grow-equipment company completes $1M-plus raise

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Another Denver-based company connected to the marijuana trade revealed this week it has completed a $1.65 million round of fundraising.

GrowGeneration Corp., an ancillary business that specializes in gardening supplies for commercial and home grows, told the Denver Business Journal it secured the funds in equity financing from Merida Capital Partners, “a cannabis infrastructure fund.”

GrowGeneration is the second Denver-based firm this week to announce a capital raise of over $1 million. Baker, a cannabis software business, raised $1.6 million with assistance from California-based Poseidon Asset Management. That brings Baker’s capital raise total to $3.5 million.

Cannabis grow-equipment company completes $1M-plus raise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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